Newgen offers the most robust and scalable Cheque Clearing solution leveraging deep industry expertise gained over years with implementations across the globe.
The solution enables electronic exchange of images and data of instruments in place of physical instruments between the participant banks, resulting in increased efficiency and speed of cheque/instrument clearing.The instruments are captured as electronic images; subsequently Newgen’s cheque clearing solution extracts data from these images, and validates the quality of the Cheque images using Newgen’s Imaging Libraries. Hence it ensures automated cheque processing and technical and signature verifications with minimal manual intervention.The application supports Multiple Clearing Sessions, High Value clearing, and Speed Clearing.The application has been successfully integrated with various Clearing Houses (India, Ghana, Bangladesh, Kenya, UAE, Saudi Arabia, Thailand, Mauritius) & Core Banking applications, hence ensuring smooth & efficient third party integration.
